LAGUNA BEACH, CA – Sept. 30, 2019 - The Certificate of Achievement for Excellence in Financial Reporting has been awarded to South Coast Water District by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR).
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting and represents a significant accomplishment by a government and its management.
SCWD’s report was submitted to the CAFR program and are then reviewed by selected members of the GFOA professional staff and the GFOA Special Review Committee (SRC), which comprises individuals with expertise in public sector financial reporting and includes financial statement preparers, independent auditors, academics and other finance professionals.
The Government Finance Officers Association established the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program) in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare CAFRs that evidence the spirit of transparency and full disclosure. “We are fortunate to have a Board Directors who believe in the highest standards of financial reporting,” said General Manager Rick Shintaku. “We are very proud of Chief Financial Officer Pamela Arends-King, who proactively initiated the development of the District’s CAFR, and her team. They do an outstanding job.”
The Government Finance Officers Association is a major professional association servicing the needs of over 20,000 appointed and elected local, state, and provincial-level government officials and other finance practitioners. It provides top-quality publications, training programs, services, and products designed to enhance the skills and performance of those responsible for government finance policy and management.
South Coast Water District was established in 1932. The District currently serves most of Dana Point, South Laguna Beach, and parts of San Clemente and San Juan Capistrano. District facilities include 15 reservoirs, 147 miles of water lines, 136 miles of sewer lines, seven water pumping stations, 14 sewer pumping stations, and approximately 12,360 water meters. An elected five-member board of directors governs the District. Learn more at www.scwd.org, or find us on Facebook, YouTube and Instagram.